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Draft:Fxgt.com

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Fxgt.com
Company typePlatform
IndustryFinancial services, Forex trading
Founded2019
Headquarters
Seychelles
Number of employees
250+
Websitehttps://fxgt.com/

Fxgt.com is an international online trading platform focusing on FX, CFDs, stocks, and indices. The group offers access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).[1][2] In 2024, it got prominet because of $200 mln hack of users money per WSJ.[3] It was also a part of investigatin in 2021 regarding $45 billin crime spree.[4]

Fxgt.com operates within companies that are authorized and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa,[5] the Financial Services Authority (FSA) in Seychelles, Vanuatu Financial Services Commission (VFSC) (for eligible counterparties only), and CySEC (for eligible counterparties only).[6][7]

History

FXGT was founded as an online trading platform in 2019, offering CFDs forex trading services to clients worldwide.[8][9][10]

In 2022, the company was named the Best Hybrid Broker 2022 at the Fintech Awards.[11][12][13]

In 2023, FXGT underwent a brand renewal procedure, shifting to Fxgt.com with a new website and logo.[14][15] It introduced Pro (commission-free trading with assets in 10 different asset classes) and ECN (offering zero spreads and negative balance protection with a 40% stop-out option) accounts.[16] In the same year, the company got the Best Broker Award 2023 by AtoZ Markets.[17][18]

References

  1. ^ "FXGT". AskTraders.com. Retrieved 2024-04-18.
  2. ^ Finance, Ehj (2019-05-20). Forex Trade Planner: Perfect Notebook to Track Your Trades. Independently Published. ISBN 978-1-0994-7549-8.
  3. ^ Journal, Gunjan Banerji | Photos by Gabriela Bhaskar for The Wall Street. "How I Got Hooked on the Hottest Trade in Markets—and Bagged a 2,000% Return". WSJ. Retrieved 2024-04-18.
  4. ^ "How to Stop a $45 Billion Crime Spree - The Journal. - WSJ Podcasts". WSJ. Retrieved 2024-04-18.
  5. ^ Ntatiso, Veliswa (2023-10-18). The Role of Financial Services Conduct Authority and Competition Commission in South African Financial Markets. GRIN Verlag. ISBN 978-3-346-95624-8.
  6. ^ Ltd, 360 Degrees Markets (2023-06-26). "Fxgt.com Adds MetaTrader 4 to its Trading Platform Offering". ACCESSWIRE News Room (Press release). Retrieved 2024-04-18.{{cite press release}}: CS1 maint: numeric names: authors list (link)
  7. ^ Hawk, Jay and Julie. "Best Forex Trading Software on the Market • Benzinga". Benzinga. Retrieved 2024-04-18.
  8. ^ ForexFraud. "FXGT". ForexFraud.com. Retrieved 2024-04-18.
  9. ^ "Fxgt.com Review – Can the broker be trusted?". www.forexnewsnow.com. Retrieved 2024-04-18.
  10. ^ "Fxgt.com: Pioneering a New Era in Trading with Crypto". Financial and Business News | Finance Magnates. 2023-12-06. Retrieved 2024-04-18.
  11. ^ Updated, Reviewer: Justin Freeman Review (2023-11-27). "FXGT". Forextraders.com. Retrieved 2024-04-18.
  12. ^ "What to look for before choosing a trusted FX broker?". Binance. Retrieved 2024-04-18.
  13. ^ Guppy, Daryl; Wong, Karen (2021-06-16). Stocks And Forex Trading: How To Win. World Scientific. ISBN 978-981-12-3688-4.
  14. ^ Content, Promotional. "Fxgt.com Unveils Brand Refresh with New Website and Logo". FX Empire (Press release). Retrieved 2024-04-18.
  15. ^ "Fxgt.com Unveils Brand Refresh with New Website and Logo". Yahoo Finance (Press release). 2023-04-23. Retrieved 2024-04-18.
  16. ^ "Форекс брокер Fxgt.com вводит Pro и ECN счета". ru.financemagnates.com (in Russian). 2023-11-28. Retrieved 2024-04-18.
  17. ^ "Fxgt.com BRINGS SMARTER TRADING TO ASIA". Yahoo Finance (Press release). 2023-09-11. Retrieved 2024-04-18.
  18. ^ "Fxgt.com CMO Shares Insights on Winning the Best Broker Award 2023". AtoZ Markets - Forex News & Trading Tools. Retrieved 2024-04-18.